9/7 Atlanta Board Announces Proposed Millage Rate Increase

Seth Coleman Atlanta Public Schools Communications Officer

 

Atlanta Board of Education Announces Proposed Millage Rate Increase

ATLANTA – The Atlanta Board of Education today announces its intention to increase the 2017 property taxes it will levy this year by .45 percentage over the rollback millage rate.

Each year, the board of tax assessors is required to review the assessed value for property tax purposes of taxable property in the county. When the trend of prices on properties that have recently sold in the county indicate there has been an increase in the fair market value of any specific property, the board of tax assessors is required by law to re-determine the value of such property and adjust the assessment. This is called a reassessment.

When the total digest of taxable property is prepared, Georgia law requires that a rollback millage rate must be computed that will produce the same total revenue on the current year’s digest that last year’s millage rate would have produced had no reassessments occurred.

The budget tentatively adopted by the Atlanta Board of Education requires a millage rate that is higher than the rollback millage rate, therefore, before the Atlanta Board of Education may finalize the tentative budget and set a final millage rate, Georgia law requires three public hearings to be held to allow the public an opportunity to express their opinions on the increase.

All concerned citizens are invited to the public hearings on this tax increase to be held at Atlanta Public Schools Center for Learning and Leadership building, 130 Trinity Avenue S.W., Atlanta, Ga. 30303 on September 14, 2017, 11:00 AM and 6:00 PM and September 21, 2017, 6:00 PM (Final adoption of millage to follow the hearing).

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About Atlanta Public Schools

Atlanta Public Schools is one of the largest school districts in the state of Georgia, serving approximately 52,000 students across 88 schools. The district is organized into nine K-12 clusters with 68 traditional schools, 16 charter schools, two citywide single-gender academies and two alternative programs. For more information, visit www.atlantapublicschools.us, follow us on Facebook icon  and @apsupdate on Instagram icon  and Twitter icon